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Glencore (GLEN)

220.35p

15:34 06/12/19

  • 1.50% 3.25p
  • Today's Low & High
  • 212.10 / 221.47
  • Open / Previous Close
  • 215.00 / 216.90
  • 52-week range
  • -18.73% -50.75p
  • Volume
  • 37,747,040
  • Market Cap(million)
  • £29,360.12m

220.55p REAL TIME BATS

  • 16:56 06/12/19
  • 1.68%
  • 3.65p

Technical Analysis

Support and resistance levels

S1

2.20
0.00%

R1

2.38
8.00%

S2

2.14
-3.00%

R2

2.47
12.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 2.15
  • 2.12
  • Levels of negotiation support resistance
  • 2.24
  • 2.30

Technical situation

Slight rebounds which don't mean an improvement of short term bearish bias until it goes above 2.32.

Recommendation

Short term comment

Remains a mid-long term neutral-bearish trend, although in the short term the bias is neutral since it set lows at 2.14. Additional rises might still occur, towards 2.38 as long as the price doesn't go below the support at 2.2.

Long term comment

From some months ago, long-term scenario remains bearish. However, it shall be taken in account that since the last lows an exhaustion in the trend is being noticed. Therefore, extreme caution is recommended in spite of an eventual upwards turn.

Indicator Previous Current Signal Comment
RSI 7 15.85 22.78 The RSI 7 shows an oversold situation (vulnerability of bearish trend).
RSI 14 29.24 32.69 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 35.46 37.68 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 42.21 43.09 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 46.31 46.50 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a Intermediate zone for the indicator, no exhaustion signal.
Slow Stochastic n/a n/a Intermediate zone for the indicator, no exhaustion signal.
Simple Moving Average 7 2.40 2.36 Very short-term trend is bearish.
Simple Moving Average 21 2.44 2.42
Simple Moving Average 50 2.39 2.38
Simple Moving Average 200 2.68 2.67
Exponential Moving Average 7 2.36 2.32 Very short-term trend is bearish.
Exponential Moving Average 21 2.41 2.39
Exponential Moving Average 50 2.41 2.39
Exponential Moving Average 200 2.41 2.39 Indefinite long-term trend.
MACD Line -0.02 -0.03 Price following bullish trend.
MACD Signal 0.01 0.00 Price following bullish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 2.44 2.42 Very short-term trend is bearish.
Double Exponential Moving Average 21 2.43 2.43
Double Exponential Moving Average 50 2.43 2.43
Double Exponential Moving Average 200 2.43 2.43 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. 2,343,171.23 2,033,482.83 OBV is bullish
Momentum 7 -0.33 -0.28 Extremely high falling speed in the very short term.
Momentum 7 -0.23 -0.21 Extremely high short-term falling speed.
% K Williams 97.30 80.49 Oversold, would favour a bullish turn.
Priority Date Notification
09/12/2019 RSI7 points some overselling, which if increasing, is likely to reflect renewed short term bullish pressure.
06/12/2019 RSI7 points some overselling, which if increasing, is likely to reflect renewed short term bullish pressure.
06/12/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
05/12/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
04/12/2019 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
03/12/2019 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
02/12/2019 It's now close and below the short/mid-term Moving Average, therefore it could drift downwards, but if it breaks above the MA would revert the signal
02/12/2019 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
29/11/2019 It's close to the mid-term moving average, which could turn into an overselling situation and rise the chance of rebounds
25/11/2019 It's now close and below the short/mid-term Moving Average, therefore it could drift downwards, but if it breaks above the MA would revert the signal
21/11/2019 It's close to the mid-term moving average, which could turn into an overbuying situation and rise the risk of falls